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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
DLocal's Sloan Ratio for the quarter that ended in Mar. 2026 was -13.07%.
As of Mar. 2026, DLocal has a Sloan Ratio of -13.07%, indicating there is a warning stage of accrual build up.
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, DLocal has a Sloan Ratio of -13.07%, indicating there is a warning stage of accrual build up.
DLocal Sloan Ratio % Related Terms
DLocal Sloan Ratio % Historical Data
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The historical data trend for DLocal's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:DLON vs BOX, NTSK, FOUR: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, DLocal's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
DLocal Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, DLocal's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where DLocal's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
DLocal's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
DLocal's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 806.078 (Jun. 2025 ) + 950.688 (Sep. 2025 ) + 999.965 (Dec. 2025 ) + 756.923 (Mar. 2026 ) = MXN3,514 Mil.
DLocal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 2343.463 (Jun. 2025 ) + 1745.891 (Sep. 2025 ) + 1808.006 (Dec. 2025 ) + 1673.092 (Mar. 2026 ) = MXN7,570 Mil.
DLocal's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -197.575 (Jun. 2025 ) + 554.49 (Sep. 2025 ) + -145.072 (Dec. 2025 ) + 35.092 (Mar. 2026 ) = MXN247 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
DLocal (MEX:DLON) has a Sloan Ratio % of -13.07% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on DLocal and its competitors.
Is DLocal's Sloan Ratio % too high?
DLocal's current Sloan Ratio % is -13.07%. Overall, DLocal has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DLocal's Sloan Ratio % compare to BOX and NTSK?
DLocal's Sloan Ratio % of -13.07% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Software company?
A good Sloan Ratio % depends on the Software industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on DLocal and its competitors. DLocal's current Sloan Ratio % is -13.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLocal stock overvalued right now?
Based on GuruFocus' analysis, DLocal (MEX:DLON) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN320.83, compared to a current price of MXN249.68 — trading 22.2% below its estimated fair value. The current Sloan Ratio % is -13.07%. DLocal's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For DLocal (MEX:DLON), the current Sloan Ratio % is -13.07% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is DLocal (MEX:DLON) Overvalued in 2026?
Based on GuruFocus' analysis, DLocal stock appears to be undervalued.
The current stock price of MXN249.68 is trading 22.2% below its estimated GF Value™ of MXN320.83.
GuruFocus considers DLocal to be Modestly Undervalued.
Key valuation signals for MEX:DLON:
Sloan Ratio %: -13.07%
GF Value™: MXN320.83 vs. price of MXN249.68 (22.2% below fair value)
No single metric tells the full story. See the MEX:DLON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DLocal Ltd is focused on making the complex simple, redefining the online payment experience in emerging markets. Through its technology platform, One dLocal, the company enables world-wide enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The company earns revenue from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions. The company operates in a single operating segment, which is payment processing. The company's geographical segments include Latin America and Non-Latin America, with a majority of its revenue being generated from Brazil in the Latin America region.
70GF Score
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